Today, the Ethereum long-range during the day was 2150～2165. The lowest pullback during the entire day only came down to around 2174, which is less than 10 price points away from our planned entry level. After the US market opened, the price began to surge; it has already reached around 2230. Unfortunately, we missed the long—it's truly a pity $ETH

Since we couldn’t enter smoothly, we won’t chase the long anymore. Instead, we’ll wait for an opportunity to go short at a higher level.

Previously mentioned: the wave where Ethereum surged up to 2330 was mainly driven by emotion, boosted by news related to the US and Iran, rather than an effective trend-breaking breakout. After the market pushed to a high level, it quickly fell back and returned to around 2200, which also confirms this.

From the market structure perspective, the 2280 area in the earlier phase has already formed a key resistance zone overhead, and to this day it hasn’t been effectively broken through with real bodies. Although the news briefly pushed the price to 2330, that was an emotional impulse rather than meaningfully holding above 2300. The subsequent rapid pullback also shows that the overhead pressure is still effective.

Combining the volume-price relationship, the strength of the buy/sell orders, and the support and resistance structure, the current rebound has limited strength, and clear pressure is building at higher levels.

So, our next trade $ETH
Short around 2250-2265, stop loss at 2295, targets 2215-2180-2150

At this point, the overall value-for-risk remains very high. Just be patient and wait for the market to come under pressure and pull back.